When a prospective buyer is on the lookout for a Real Estate investment then the terms like “pre-launch offer” or “new launch” seem quite attractive. The main reason behind this is that during this phase, the builder gives an interesting offer to the investor to attract them. Usually the opening price or launch price would be lower than it would actually be after a few weeks or months. Investing during this phase can be beneficial for an investor as they can get the advantage of the lower price or offer.
The Initial Investors have an advantage
Many builders give interesting offers during the initial launch phase since the whole market is very competitive. There are a plethora of options available to the investor to invest. So the builder should plan and do something unique so that investors get attracted to invest. They could be discounts on booking a plot or it could be giving a free gift in the pre-booking phase. By doing proper market research of the location and its advantages, one can easily invest in such newly launched projects.
The investors should book before the increase in prices
Another advantage of booking a newly launched project is that one can freeze on the price till one gets the possession of the property. The whole market is quite unpredictable and volatile, so the property prices can increase any time. Usually the prices might go up a bit after the launch phase of a project. There could be a variety of reasons for the price hike. It could be new infrastructural developments in that area, cost of raw materials might increase, the cost of hiring labour for work or maybe some change in the laws. If you make a decision to buy in the “newly launched phase”, then one might save on a lot of additional expenses that might arise in the future. The builder might also increase the prices once the sales have started to pick up or if there are more projects coming up near the project of the particular builder.
A smart investment in suburbs
In major cities, the central city area is already built up well and the property prices are also very high. There are very few open spaces left to start a new project. So now, the builders have started moving towards the suburbs which not only offer great locations but also are much more affordable than buying an open space in the city center. Connectivity is improving and now reaching suburbs is no big deal as there are various modes of transport available these days. Builders also make sure that the investor gets the most of the investment made by them.
If you plan to expand or diversify your investment portfolio and are keen to invest in Real Estate, then look out for projects which are newly launched. This will not only mean spending less money but also taking advantage of the additional benefits given by the builder. Do proper research and invest with a builder whose plots are approved by HMDA DTCP/ RERA. Also check all the legal documents and the credibility of the builder.
Dhruva Projects has recently come up with their newest venture, Dhatri County at one of the growing areas, Kompally. HMDA and RERA approved, this project offers Premium Residential Villa Plots at affordable prices. Additionally, if one pre-books a plot now, then they can get a free Gold Coin worth 5 grams. Dhruva Projects is a well-known name in Hyderabad Real Estate and has completed many projects successfully. Invest with Dhruva and avail the best opportunity now.